Provides a pathway to comprehensive training and a successful career in salesDUBLIN, Calif., July 2, 2025 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the launch of TriNet Ascend, a specialized program designed to enrich, educate and empower aspiring sales professionals. This comprehensive experience combines immersive training, practical hands-on learning, and real-world sales exposure to buil ...

Core Viewpoint - TriNet has been recognized as one of the 2025-2026 Best Companies to Work For by U.S. News & World Report, highlighting its commitment to employee satisfaction and workplace culture [1][2][3]. Company Overview - TriNet is a leading provider of comprehensive human resources solutions specifically designed for small and medium-sized businesses (SMBs) [1][4]. - The company offers a range of services including human capital expertise, employee benefits (health insurance and retirement plans), payroll administration, risk mitigation, and compliance consulting [4]. Recognition Details - The recognition by U.S. News & World Report involved an evaluation of over 5,000 publicly traded companies, assessing factors such as pay and benefits, work-life balance, stability, workplace safety, belonging, and career development [3]. - Catherine Wragg, TriNet's Chief People Officer, emphasized that this recognition reflects the dedication of the company's employees and their commitment to serving SMB customers [3]. Long-term Objectives - TriNet aims to be the premier provider of HR services for a diverse range of SMBs, focusing on industry-leading benefits, sales distribution excellence, and a world-class service delivery model [4].

Core Insights - TriNet has launched new HR products and enhancements aimed at helping small and medium-size businesses (SMBs) navigate economic uncertainty and AI-driven disruption [1][2] Product Solutions - The new offerings include an AI-powered Personal Health Assistant by Healthee, providing employees with real-time healthcare answers, available to TriNet customers in late 2025 [6] - Enhanced New Hire Onboarding features an upgraded PEO mobile app for administrators to submit new hire information on-the-go, along with secure e-signature functionality for document management [6] - An improved learning management system in collaboration with 360Learning includes an AI-powered content creation tool for custom training programs and a premium content bundle with over 1,000 training courses [6] - New wellbeing solutions in TriNet's Marketplace include My Secure Advantage for financial wellbeing coaching and Wellhub for holistic wellbeing benefits, supporting the overall wellbeing of employees [6] Company Commitment - TriNet emphasizes its commitment to delivering innovative HR solutions that empower SMBs to focus on growth and better HR decision-making [3][4]

TriNet Group (TNET) Q1 2025 Earnings Call April 25, 2025 02:36 PM ET Company Participants Alex Bauer - VP - IRMike Simonds - President & CEOKelly Tuminelli - Executive VP & CFOAndrew Polkowitz - Vice PresidentDavid Grossman - Managing Director Conference Call Participants Jared Levine - AnalystKyle Peterson - Senior AnalystAndrew Nicholas - Equity Research Analyst Operator Good day, and welcome to the TriNet Group Inc. First Quarter twenty twenty five Earnings Conference Call. All participants will be in li ...

TriNet Group (TNET) reported $350 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 2%. EPS of $1.99 for the same period compares to $2.16 a year ago.The reported revenue represents a surprise of +6.13% over the Zacks Consensus Estimate of $329.8 million. With the consensus EPS estimate being $1.67, the EPS surprise was +19.16%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

TriNet Group (TNET) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $2.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.16%. A quarter ago, it was expected that this human resources services outsourcing company would post earnings of $0.23 per share when it actually produced earnings of $0.44, delivering a surprise of 91.30%.Over th ...

Financial Performance - Total revenues for Q1 2025 were $1.3 billion, reflecting a 1% increase compared to Q1 2024[23] - Net income decreased by 7% to $85 million, with diluted EPS at $1.71, a 4% decrease year-over-year[23] - Adjusted net income decreased by 11% compared to Q1 2024, influenced by rising insurance costs[27] - Professional service revenues decreased by 2% to $209 million in Q1 2025 from $214 million in Q1 2024[29] - Insurance service revenues increased by 1% to $1,065 million in Q1 2025 from $1,050 million in Q1 2024[29] - Total revenues rose by 1% to $1,292 million in Q1 2025 compared to $1,282 million in Q1 2024[29] - Net income declined by 7% to $85 million in Q1 2025 from $91 million in Q1 2024[29] - Adjusted EBITDA decreased by 10% to $162 million in Q1 2025 from $180 million in Q1 2024[34] - The overall performance is impacted by healthcare cost trends, with higher rates paid for services outpacing client charges[26] Employee Metrics - Average worksite employees (WSEs) decreased by 2% to 340,744, while total WSEs decreased by 3%[24] - The company experienced a decrease in average co-employed WSEs primarily in the Technology, Professional Services, Main Street, and Life Sciences verticals[24] - Total WSEs fell by 3% to 339,625 in Q1 2025 compared to 351,919 in Q1 2024[40] - Monthly revenues per co-employed Average WSE increased by 7% in Q1 2025 compared to Q1 2024[51] Insurance and Costs - The insurance cost ratio (ICR) increased by 2 points compared to the same period in 2024, driven by higher medical service utilization and specialty drug costs[26] - Insurance costs increased by 4% to $942 million in Q1 2025 from $907 million in Q1 2024, resulting in an Insurance Cost Ratio of 88%[48][49] Dividends and Stock Repurchase - The company announced a 10% increase in common stock dividends to $0.275 per share, to be paid in April 2025[25] - The company repurchased 1,210,403 shares of common stock for approximately $90 million during the three months ended March 31, 2025[100] - The company declared a common stock dividend of $0.275 per share to be paid in the second quarter of 2025, following a dividend of $0.25 per share paid in January 2025[101] - The company’s stock repurchase program resulted in a $90 million repurchase in Q1 2025, compared to $23 million in Q1 2024[124] Corporate Strategy and Restructuring - Strategic restructuring initiatives are underway to focus on core value propositions and improve operational efficiency, including the sale of TriNet Clarus R+D[25] - The company plans to establish a new corporate center in Atlanta, Georgia over the next five years[25] - Restructuring costs incurred for the three months ended March 31, 2025, amounted to $1 million, as the company focuses on its U.S. PEO business[178] Cash Flow and Assets - Net cash provided by operating activities was $95 million in Q1 2025, compared to $91 million in Q1 2024[91] - Corporate working capital increased by $12 million from December 31, 2024, primarily due to decreases in corporate current liabilities[89] - As of March 31, 2025, the company held approximately $1.5 billion in cash, cash equivalents, and investments, with $349 million being unrestricted cash[97] - Cash and cash equivalents at the end of Q1 2025 were $1,284 million, slightly up from $1,267 million at the end of Q1 2024[124] - As of March 31, 2025, total assets were $3,775 million, down from $4,119 million as of December 31, 2024[120] Debt and Financial Compliance - The company had $909 million in long-term debt as of March 31, 2025, compared to $908 million as of December 31, 2024[120] - The company was in compliance with all financial covenants under its 2021 Credit Agreement, 2029 Notes, and 2031 Notes as of March 31, 2025[104] Tax and Accounting - The effective tax rate (ETR) decreased to 26% in Q1 2025 from 27% in Q1 2024, attributed to increased tax benefits related to excludable income[80] - The company is evaluating new accounting standards that will enhance income tax disclosures, effective after December 15, 2024[147] Investment and Market Risks - The company is exposed to market risks primarily related to fluctuations in interest rates affecting its investment portfolio and outstanding borrowings[108] - The company’s investments are subject to interest rate risk due to generally including fixed interest rates[109] - The company attempts to limit exposure to interest rate risk and credit risk by investing in liquid, investment-grade securities[109]

TriNet Announces First Quarter 2025 Results 1% Growth in Total Revenues to $1.3 Billion for the First Quarter 2025 Repurchased 1.2 Million Shares in the First Quarter 2025 DUBLIN, Calif. — April 25, 2025 — TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive and flexible human capital management (HCM) solutions for small and medium-size businesses (SMBs), today announced financial results for the first quarter ended March 31, 2025. The first quarter highlights below include non-GAAP financia ...

Core Viewpoint - TriNet is set to release its financial results for the first quarter of 2025 on April 25, 2025, before U.S. market hours, indicating a focus on transparency and communication with investors [1]. Group 1: Financial Results Announcement - TriNet will announce its financial results for Q1 2025 on April 25, 2025, before the market opens [1]. - The company will host a conference call at 5:30 a.m. PT (8:30 a.m. ET) on the same day to discuss these results [2]. Group 2: Conference Call Details - A live webcast of the conference call will be available on TriNet's Investor Relations website, allowing broader access for stakeholders [2]. - Participants can pre-register for the conference call to receive a unique PIN for instant access [3]. - Those who do not pre-register can still join the call by dialing a provided number [3]. Group 3: Company Overview - TriNet provides comprehensive HR solutions, technology, and access to benefits aimed at small and medium-sized businesses (SMBs) [4]. - The company has over 30 years of experience in supporting entrepreneurs and adapting to modern workplace needs [4].

Company Overview - TriNet plans to create 750 new jobs at a new corporate center in Dunwoody, Georgia, over the next five years, with an estimated investment of $15.4 million in DeKalb County [1] - TriNet provides comprehensive HR solutions, technology, expertise, and access to world-class benefits for small and medium-sized businesses (SMBs) [2][6] Investment and Economic Impact - The establishment of TriNet's new office is expected to enhance the local economy by creating meaningful jobs and investment for the Dunwoody and DeKalb County community [2][4] - The investment will bring invaluable opportunities to residents and reinforce DeKalb as a premier destination for corporate growth and innovation [4] Workforce and Talent Development - TriNet's new office will focus on hiring for technology, HR consulting, client management, and sales roles, aiming to grow its regional Atlanta and Southeast customer base [3] - The company emphasizes the importance of attracting top talent and fostering a strong culture of collaboration and professional growth [3] Community and Partnership - The decision to locate in Georgia reflects the confidence companies have in the state as a hub for innovation and talent [5] - Strong partnerships between industry, communities, and higher education are highlighted as key drivers of economic growth [5]